The administration and underwriting of the policies will no longer be provided by a third party
Admiral has launched its own travel insurance policy.
Although Admiral has sold travel insurance since 2012, the administration and underwriting of the policies has been provided by a third party. From now all Admiral travel policies will be underwritten and managed in-house.
It is available in three levels of policy; Admiral, Admiral Gold and Admiral Platinum.
Its single trip travel policy offers cover for one trip up to 365 days.
Its multi-trip cover annual policy allows unlimited travel for individual trips up to 31 days, with the ability to increase this up to 60 days with a phone call to Admiral.
The cheapest cover is available from £6.92 for a single trip, based on Admiral tier insurance for a 30-year-old, with no pre-existing medical conditions, taking a three-day trip to France.
The cheapest price for multi-trip annual cover is £16.23, based on Admiral tier insurance for a 30-year-old with no pre-existing medical conditions taking a 31-day maximum trip to Europe.
Winter sports and cruise upgrades are available on all policies, although the Admiral Platinum tier includes cruise cover as standard.
Catastrophe cover comes as standard on Admiral Gold and Admiral Platinum policies, which will provide cover if your accommodation is affected by catastrophic events such as a fire, a hurricane, an earthquake or a pandemic. Admiral Platinum also includes hijack cover.
Travellers with pre-existing medical conditions will need to declare them before taking out cover, but Admiral says it is confident it can cover more conditions than most travel insurance providers.
| Level of cover | Admiral | Admiral Gold | Admiral Platinum |
|---|---|---|---|
|
Excess |
£100 |
£75 |
£50 |
|
Emergency medical treatment & repatriation (Limits up to) |
£10 Million |
£15 Million |
£20 Million |
|
Cancellation or cutting short your trip (Limits up to) |
£1,000 |
£2,500 |
£5,000 |
|
Personal belongings (Limits up to) |
£1,000 |
£1,500 |
£2,500 |
|
Money & documents (Limits up to) |
£300 |
£400 |
£500 |
Head of travel insurance at Admiral, Cosmin Sarbu said: “We have listened to what our customers want and need from their travel insurance and incorporated it into our own travel policies.
“People often think travel insurance is only there to help if their flights are delayed or their baggage goes missing but an accident abroad could leave you thousands of pounds out of pocket. According to the ABI, the average cost of a medical claim on a travel insurance policy was £1,300 in 2016. It gives peace of mind, so you can relax and enjoy your holiday.”
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